The market spotlight in the middle of the week will continue to be on the US, where a raft of activity indicators were due out.
European shares finished mostly higher on Tuesday but well off their best levels following the release of a stronger-than-expected reading for US consumer prices.
London stocks were mixed at the close on Tuesday, as investors mulled faster-than-expected inflation in the US, while unemployment in the UK remained stable.
The cost of living in the US increased by more than expected at the start of 2023, as energy and shelter costs pushed up on headline and core inflation.
Haydale Graphene has secured £0. 26m in funding from Innovate UK, it announced on Tuesday, to develop imaging techniques that characterise 2D materials, including graphene.
Analysts at RBC Capital Markets slightly lowered their target price on real estate investment trust Impact Healthcare from 125. 0p to 120. 0p on Tuesday as it reduced its earnings forecasts following the trust's recent trading update.
Prospex Energy has signed an 18-month gas sales agreement with BP Gas Marketing, it announced on Tuesday, for its Podere Maiar-1 production facility in Italy.
Victrex revealed on Tuesday that non-executive director Janet Ashdown had acquired 1,039 ordinary shares in the FTSE 250-listed polymer products maker.
Air India has placed a massive order for 470 Boeing and Airbus aircraft, reflecting the pace of growth in an increasingly affluent country that is also rebounding from the Covid pandemic.
Strip Tinning, a specialist connection system supplier to the automotive sector, reported confidence after a somewhat disappointing 2022 in an update on Tuesday.
Investec downgraded wealth manager Rathbones to ‘hold’ from ‘buy’ on Tuesday after the shares outperformed the sector by over 30% in the past 12 months, making the risk/reward dynamic less attractive.
FTSE 250: 20,132. 85, +0. 04% at 1524 GMT.
Holiday operator TUI said summer bookings were up 20% and reported a narrowing of first-quarter losses as travel continued to rebound from the effects of the Covid pandemic.
London’s FTSE 100 was up 0. 4% at 7,980. 20 in afternoon trade on Tuesday, having come within a whisker of the 8,000 mark earlier.
A top US central bank official said that policymakers may need to take interest rates higher than previously expected if inflation continued to run too fast.
Wall Street stocks were in the green early on Tuesday despite the all-important consumer price index registering a larger than expected increase in January.
Altitude Group is set to exceed current market expectations for the current financial year ending in March, according to a trading update it released on Tuesday.
The so-called 'pain trade' in risk assets was still up because investors around the world continued to exhibit caution, the results of BofA's monthly fund manager survey found.
Challenger Energy, an oil and gas company focused on the Caribbean and Americas region, announced the sale of its St Lucia-based subsidiary Caribbean Rex on Tuesday for a total value of $1. 5m (£1. 23m).
Mongolian oil explorer Petro Matad reported progress on a number of fronts in an operational update on Tuesday.
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